Question

The primary objective of a Producer Industrial Co-operative Society is to:

• A. Provide financial assistance to individual members for personal needs.
• B. Engage in collective production, marketing of goods, and shared profits
• C. Focus solely on the procurement of raw materials for member businesses.
• D. Offer training and development programs unrelated to production activities.

Answer 1

Answer:

B. Engage in collective production, marketing of goods, and shared profits

• Producer societies focus on integrating the production process, from raw material procurement to marketing the finished product for the benefit of member-workers.